Credit Suisse fund to liquidate following underperformance
Credit Suisse is liquidating the Credit Suisse Commodity Access Strategy Fund, which invests mostly in bonds

Distressed credit specialist rakes in $781 million for global debt fund
Balbec Capital's latest global credit fund has a $1 billion target

Octagon-managed structured credit fund invests heavily in CLO equity
A new structured credit interval fund subadvised by Octagon Credit Investors has invested almost half of its portfolio in CLOs

Cheyne generates double-digit returns for hedge funds
Cheyne Capital has delivered with two credit hedge funds that have reached their maturity

ICG names new non-executive director in London
ICG has announced a new hire to its London office: a director with significant experience in the asset management space, including a stint as chair at SVG Capital

FS Investment BDC's assets shrink for fifth year running
FS Investment Corporation, an FS Investments business development company (BDC), failed to grow its assets again in 2017 – but insists its recently announced partnership with KKR will allow it to grow stockholder value

Man GLG appoints credit portfolio manager
London-headquartered fund manager Man GLG has promoted Andrew Freestone to credit portfolio manager

Apollo reorganises its global credit platform
Sources say Apollo Global Management has reshaped its credit business by merging certain divisions and promoting several staffers in New York. Separately, sources say a high-ranking credit head has left the firm

AB names fixed income co-heads and replaces Ashish Shah on two funds
Following the departure of Ashish Shah, who was AB's head of fixed income and chief investment officer, Will Smith has been appointed co-manager on two bond funds. Meanwhile, the firm has named two co-heads of fixed income

THL Credit assigns new role to senior portfolio manager Murphy
Alternative credit manager THL Credit Advisors has promoted managing director Brian Murphy to head of capital markets

Bill Barr steps down from Och-Ziff board as firm's new CEO is named
Och-Ziff has named a new chief executive officer to succeed Dan Och, with the firm announcing today that former Credit Suisse executive Robert Shafir will step into the position

Canadian firm holds high hopes for cannabis-focused infrastructure fund
Direct lending firm Bridging Finance hopes its new fund – which will be focused on private debt loans related to the cannabis sector – doesn't go up in smoke

Oak Hill appoints sole head of European credit as ex-partner takes on new role
One of Oak Hill Advisors’ most senior staffers has stepped into a senior advisory role

Goldman stymies pension funds’ fraud class action move in Abacus CDO case
A US Appeals Court in New York has ruled that a shareholder lawsuit accusing Goldman Sachs of fraud cannot proceed as a class action

PineBridge appoints high-ranking State Street official as its COO
Global asset manager PineBridge Investments has appointed of Michael Karpik as chief operating officer, according to a statement by the firm

Oak Hill promotes three to partner
Oak Hill Advisors has promoted three managing directors to the position of partner, according to market sources

Liontrust forms new credit team as high yield PM and Kames pair join the pride
Liontrust Asset Management has hired Donald Phillips to join its new global fixed income team, according to a company statement

Searchlight and LionTree join forces on TMT investments
Searchight + LionTree = LightTree, a new partnership which will invest across debt and equity in the TMT space

Investcorp brings long-short manager onto its hedge funds partnership platform
Alternative invesmtent manager Investcorp has announced its strategic partnership with Steamboat Capital Partners through its Hedge Funds Partnerships platform

PDM liquidates CLO funds after 20% per year returns
Permira Debt Managers is liquidating two structured credit funds after generating strong returns

Manager hits £600 million hard cap for third real estate debt fund
London-based DRC Capital has closed its third real estate fund at £600 million ($802 million), hitting its hard cap and surpassing its target of £500 million 

Boston manager launches direct lending fund
Private equity firm Summit Partners appears to have launched its third credit fund, believed to be a direct lending fund

East coast manager with niche focus raises $100 million for new credit fund
A New Jersey asset management firm with a focus on the “life-contingent” asset class has launched a new credit fund

Hedge fund with US and UK offices to shutter following poor performance
The New York-based firm, which invested in a range of strategies including long/short liquid credit, is shutting down and returning all capital to investors

German credit fund Robus draws in investors
Robus German Credit Opportunities Sub Fund, which invests in high yield, has increased its assets under management by over 40% in 12 months